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't know. i'm getting nervous. i think the former speaker nancy pelosi may have topped that this weekend when she answered no to a question about whether which could be a keel that just caps deductions for the wealthy but doesn't raise tax rates for them. now maybe possible -- no. flat out no. until pelosi's compromise killer, i put the senate minority leader in a class by himself in the obstructionist camp. now, of course, one can argue that senator patty merit, the fourth ranking senate democrat is the most out there with her hey, let's go over the fiscal cliff comments in order for to force republicans at the table. she's a champion idea that wants more over the cliff than republicans will fold. again, no harm, no foul. if mary doesn't change her tune, she's the most likely candidate to be named to the "mad money" wall of shame fiscal cliff an ex. there are other parts of the cliff that will give you huge layoffs, particularly in the defense industry. these jobs wouldn't be switched back like they're electric lights in your home. power goes out, they stay out. unless you think the def
of the white house, they all have a slightly different date. nancy pelosi said we hope to get this wrapped up by christmas. one of the others said early december is when it should be done. shortly after thanksgiving somebody else said. so, i think we're lacking details, lacking commitments. we'll have to keep with the skeptics going. >> gene, what do you think? do you care about the structure of the deal? some would say have you to solve entitlements or the bond market is going to punish the country and it has to be dealt with? or do you think the stock market cares about getting something, anything done, before the end. year? >> on an immediate basis, no doubt. it cares about getting something done, something on the table. for the longevity of the upside, yes, i think it is concerned about what measures are really put in place, what the bipartisan cooperation really looks like in the end. >> rick, do you agree? >> i think in the near term any type of conclusion to this is going to be a positive for equities. don't confuse that for whatever deal is struck, how it affects long-term economic gr
will be coming together to solve this problem. >> governor, nancy pelosi of course out this morning says she's going to run again for some leadership in the congress. is that a signal that the white house is going to remain more partisan perhaps than some hope? >> actually, i don't think so. you know, nancy pelosi was the one who produced the votes for the financial bailout. you all recall that. there weren't republican votes even when president bush proposed it and secretary paulson. nancy found the votes. nancy is good at finding the votes out of our progressive wing and the president will need votes from our progressive wing and nancy is a good person to do that. >> we'll see how things go down this afternoon and later in the week. governor, lanhee good to see you back. don't be a stranger. >> thanks for having me. >> brian shactman is at hq. >> iag got a downgrade today and the stock is getting thumped already at its average daily volume. 15% to the downside. one of the keys were costs were up because quality of gold they were mining was not as good as they had been in the past. back to
but nancy pelosi saying we have to have cuts. >> about as good as you can expect at an hour or two. >> especially talking about the possibility of getting this done, not at the very last minute but with some room to spare. i don't know what getting it done but it means having all of the elements of a deal completed or whether it means a mechanism or getting it done in the early part of next year but i think every sign that we just got out of the meeting was positive. >> let's bring in senator kent conrad of north dakota. had a busy day already. thank you for being with us. >> you bet. >> i'm sure you were able to hear senator reid say we won't wait until the last day of december, working through the thanksgiving recess. do you agree with john that this was a good first step? >> extremely positive. i'm even more encouraged. you know, i felt all along there's a good chance to arrive at a framework agreement in this lame duck session, lay out the size of the package, how it would be distributed to how much to cut in spending and raise in revenue. lay all that out before the end of the
Search Results 0 to 3 of about 4